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But, in establishing BP's punishment, federal and state governments shouldn't try to extract excessive punitive fines.
Since the mid-1990s, more than 1,200 hospital mergers have resulted in large hospital systems, which wield their market power to extract excessive prices from insurers.
He added, "It's unfortunate that Tribune was willing to hold our customers hostage in an attempt to extract excessive rates".
However, lenders may also abuse their enhanced bargaining power vis-à-vis borrowers and extract excessive rents in debt renegotiations.
For example, he gives a splendid account of Keynes's Economic Consequences of the Peace (1919), his polemic against the allied attempt to extract excessive debt payments (reparations) from the defeated Germans.
Lind defines rentiers as those who "use their natural or artificial monopoly power to extract excessive tolls, fees and other recurrent payments from the rest of society, including productive businesses". These excessive payments form an "unearned increment," in Henry George's popular phrasing from more than a century ago.
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It concludes these firms are extracting excessive profits at the expense of insurers and patients.
The private equity backers behind BMI Healthcare, Britain's biggest private hospital group, are coming under mounting pressure to inject capital into the rump of the financially stretched group as it comes under fierce attack from the Competition Commission, accused of extracting excessive profits from insurance firms and patients.
One Yankees official also said that the Mets were not trying to extract an excessive price from them simply because the teams are cross-town rivals, which had concerned the Yankees.
She notes that financialization exacerbates the well-known problem of corporate ownership and control: while corporate assets are owned by shareholders, they are controlled by managers who often extract an excessive share of corporate profits for themselves.
Barry Goldsmith, NASD's executive vice president for enforcement, said the men were punished for failing to perform their supervisory duties by preventing the sales representatives they supervised from extracting the excessive commissions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com